Transferring pension benefits as a DC Deferred member

If you wish to transfer the value of your Retirement Account to another pension scheme you should contact Aegon who will provide you with your current transfer value and the relevant documentation to effect a transfer.

You can only transfer your pension savings to another HMRC registered pension arrangement. The transfer value cannot be paid directly to you.

If you wish to transfer your pension savings to your new employer’s pension scheme you will be required to provide proof of your employment including copies of recent payslips.

It is recommended that you seek independent financial advice before deciding whether to transfer your pension savings to another pension arrangement. You should use an adviser regulated by the Financial Conduct Authority and the FCA’s website can help you find an adviser local to you. Please click on the link below.

https://www.fca.org.uk/

You should also be aware than pension scammers operate in the pension transfer market and you can find helpful guidance on things to look out for here: pension scams

The government’s Money Helper service provides free guidance on transferring your pension savings and it is recommended that you book a session with the Money Helper team. For more information and to book a guidance session with the Money Helper service please click here:https://www.moneyhelper.org.uk/en